Dismissing the appeal of the revenue the Tribunal held that the Assessee had filed copies of invoice, confirmation letters from service providers and details of premium collected by motor vehicle dealers from customers as there was no doubt about genuineness of service rendered by car dealers. Deletion of addition is held to be justified. (AY. 2003-04 to 2010-11)
ACIT v. United India Insurance Co. Ltd. (2018) 67 ITR 191 / 195 TTJ 65 (UO) (Chennai)(Trib.)
S. 37(1) : Business expenditure—Payment to motor car dealers- Genuineness of payment was not in doubt- Disallowances cannot be made.